Renovated Courtyard Office
For Sale
Contact for pricing
401 Watt Ave, Sacramento, CA 95864
Professional office property with private offices, conference rooms, and extensive on-site parking.
Property Size27,585 SF
Price / SF$210.26
Days on Market1348
Property Features for 401 Watt Ave
General Information
Standard status
Active
Size
27,585 SF
Property subtype
OFFICE
Listing Agency:
Colliers | Sacramento
(916) 929-5999
Listed By:
Thomas Walcott, SIOR, CCIM
(916) 212-8414
Source:
Moodyscre
Added: Feb 7, 2023
Changed: Oct 1
Last Checked: Oct 16 at 10:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Sacramento
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Investment Insights
Based on property information with market context.
This 27,585-square-foot office building occupies a 1.98-acre site and features a courtyard-oriented layout with multiple private offices, conference rooms, fireplaces, and an expansive lunchroom. Outdoor amenities include a landscaped courtyard and fountain, while signage opportunities and 96 parking places support daily business operations.
The building underwent a comprehensive renovation in 2004 that included interior refinishing, a new roof, updated bathrooms, electrical and plumbing work, HVAC improvements, telecommunications equipment, and landscaping. Located at 401 Watt Ave in Sacramento, the property combines substantial office improvements with a campus-style setting.
The building underwent a comprehensive renovation in 2004 that included interior refinishing, a new roof, updated bathrooms, electrical and plumbing work, HVAC improvements, telecommunications equipment, and landscaping. Located at 401 Watt Ave in Sacramento, the property combines substantial office improvements with a campus-style setting.
Key Highlights
- 27,585‑square‑foot office building on a 1.98‑acre site
- 96 parking places with a 3.71/1,000 parking ratio
- Courtyard setting with fountain and landscaping
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$375,824
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,516,480
$7.5M
Cap Rate 7%
$5,368,914
$5.4M
Cap Rate 9%
$4,175,822
$4.2M
Market Conditions
NOI Build-Up for 27,585 SF
Gross rent
$595.8K $21.60/SF
− Vacancy
−$94.7K −$3.43/SF
EGI
$501.1K $18.17/SF
− OpEx
−$125.3K −$4.54/SF
NOI
$375.8K $13.62/SF
Area
Sacramento, CA
Vacancy
15.90%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,516,480
Cap Rate 7%
$5,368,914
Cap Rate 9%
$4,175,822
Alternative Uses
Best Use
Office B
$5.37M
$4.70M – $6.26M
NOI $375,824 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.41M
$6.49M – $8.65M
NOI $518,874 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Explore this area
Business Placement
Demographics for 95864, CA
24,249
Population
10,286
Households
2.4
Avg Household Size
44
Median Age
58%
College-Educated
95%
High-School Grad
6.3 sq mi
ZIP Area
3,849
Density / Sq Mi
$129,083
Median Household Income
$63,220
Median Earnings
$1,863
Median Rent
$770,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Sacramento, CA
Frequently Asked Questions
What type of property is this?
Office building - Professional office property with private offices, conference rooms, and extensive on-site parking.
Where is this office building located?
The property is located at 401 Watt Ave Sacramento, CA.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: 27,585‑square‑foot office building on a 1.98‑acre site; 96 parking places with a 3.71/1,000 parking ratio; Courtyard setting with fountain and landscaping
